• Kyodo News

  • SHARE

The average daily balance of bank lending rose 0.1 percent in November from a year earlier, the slowest growth since December 2007, reflecting companies’ sluggish demand for borrowing money for capital investment and operations amid the stagnant economy, the Bank of Japan said Tuesday.

The loan balance managed to increase for the 46th straight month to ¥400.51 trillion, but the pace of increase slowed for the 11th consecutive month and marked a sharp slowdown compared with the previous month’s rise of 1.5 percent.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW